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The Markets
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The Markets
by Proactive
Proactive UK has moved.
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Archive

The Small Cap Wrap: Orthocell's record revenue, Solis Minerals launches lithium drilling, Recce Pharmaceuticals secures Vietnamese patent and more

archTIS Ltd (ASX:AR9, OTCQB:ARHLF) has extended the maturity date of a A$4 million Commonwealth Bank of Australia (ASX:CBA) lending facility, maintaining access to non-dilutive working capital as it responds to growing demand for its data security products.

The facility, previously due to mature on July 30, 2026, has been extended to October 30, 2026. The key terms remain unchanged apart from a one-off A$2,000 establishment fee.

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Lindian Resources Ltd (ASX:LIN, OTC:LINIF) has completed a major technical validation milestone for its Kangankunde Rare Earths Project in Malawi, with independent testwork confirming 98% neodymium-praseodymium extraction and production of a non-radioactive mixed rare earth carbonate.

The Australian Nuclear Science and Technology Organisation (ANSTO) validated the complete downstream flowsheet from Kangankunde monazite concentrate through to specification mixed rare earth carbonate, or MREC.

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Nexus Minerals Ltd (ASX:NXM) has delivered further high-grade gold results from the Payns prospect at its Wallbrook Gold Project in Western Australia, strengthening the prospect’s potential contribution to an updated multi-prospect mineral resource estimate.

The final tranche of assays included a standout intersection of 21 metres at 3.26 g/t gold from 39 metres, containing 5 metres at 12.83 g/t gold and 1 metre at 34.77 g/t gold.

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Australian labour market conditions weakened sharply in June, with Roy Morgan’s measure of “real unemployment” rising 1 percentage point to 11.7% as total employment fell for a fourth consecutive month.

The number of unemployed Australians increased by 156,000 to 1.86 million, while overall employment declined by 128,000 to 14.03 million.

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Australian football fans are embracing an AI-enhanced referee camera that delivers a first-person view of FIFA World Cup matches, underlining how artificial intelligence is reshaping live sports broadcasting.

Known as Referee View, the system uses a lightweight camera mounted on the match official to capture footage from the centre of play. Lenovo’s video analytics technology processes the fast-moving feed in real time, reducing camera shake by as much as 60% and converting it into stable, broadcast-quality footage.

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Solis Minerals Ltd (ASX:SLM, TSX-V:SLMN, OTCQB:SLMFF) has kicked off diamond drilling at the Mandacaru Lithium Project in Brazil, targeting a coherent lithium-caesium-tantalum pegmatite system across an approximately 800-metre corridor.

The 10-hole, 2,000-metre program is designed to test the continuity and geometry of the pegmatites, as well as their potential to host spodumene mineralisation at depth.

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Recce Pharmaceuticals Ltd (ASX:RCE, OTC:RECEF) has strengthened its intellectual property position in Southeast Asia after securing a Vietnamese patent covering its RECCE® 327 and RECCE® 529 anti-infective candidates.

The Family 4 patent, granted by the Intellectual Property Office of Vietnam, provides protection until 2041 and marks the eighth patent secured by Recce within this patent family.

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Kingfisher Mining Ltd (ASX:KFM) has delivered some of the strongest copper-gold results recorded at its Copper Blow project near Broken Hill, extending high-grade mineralisation and strengthening the case for a maiden mineral resource estimate.

Reverse circulation drilling in the North Zone returned a standout intersection of 26 metres at 2.57% copper and 0.75 g/t gold from 73 metres, including 13 metres at 4.07% copper and 1.20 g/t gold. A higher-grade section within the interval assayed 4 metres at 7.06% copper and 2.38 g/t gold.

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Ora Banda Mining Ltd (ASX:OBM, OTC:ESGFF) has delivered a major expansion of its Davyhurst Gold Project inventory, lifting mineral resources by 75% to 3.69 million ounces and ore reserves by 159% to 610,000 ounces.

The updated mineral resource estimate stands at 56.5 million tonnes at 2.0 g/t gold, while the ore reserve totals 8.4 million tonnes at 2.3 g/t gold, net of 80,000 ounces of mining depletion to April 1, 2026.

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